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How to lose billions on EVs

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Posted By: DVC, 5/11/2024 11:19:04 AM

Senator Sam Ervin said: “A billion here, a billion there, pretty soon you’re talking real money.” Our federal government has been talking trillions for some time now, but the Mummified Meat Puppet Administration’s (MMPA) push for electric vehicles has EV manufacturers talking, and losing, billions. MMPA mouthpieces like Transportation Secretary Pete Buttigieg and Energy Secretary Jennifer Granholm assure us EVs are the future and they’re pushing unconstitutional, unrealizable regulations to force that future down our throats. Unfortunately for them, economic reality is intruding, and Ford provides a disturbing example:

Comments:

Ford lost $132,000 on each EV sold this year. I paid half of that for my first home, and that is far more than most can afford to pay for any car.
This is a truly stunning financial disaster for Ford. How long can the Board of Directors let these incompetent fools run the company into bankruptcy?

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Reply 1 - Posted by: msjena 5/11/2024 11:28:11 AM (No. 1716103)
There is no infrastructure for EVs. It would be like selling electric lamps before homes were wired for electricity. Or gas-powered cars before there were gas stations. If there was a demand for these cars, there would be a demand for charging stations and they would be built. Obviously, there is not.
9 people like this.

Reply 2 - Posted by: bamboozle 5/11/2024 11:31:42 AM (No. 1716105)
Obviously the people running Ford expect the US taxpayers to give them a big juicy bailout
4 people like this.

Reply 3 - Posted by: Ida Lou Pino 5/11/2024 11:50:46 AM (No. 1716112)
Sam Ervin DID NOT say that - - it was Everett Dirksen. I stopped reading at that point.
14 people like this.

Reply 4 - Posted by: NeverVoteDem 5/11/2024 12:16:56 PM (No. 1716121)
The quote was from Illinois Senator Everett McKinley Dirksen not Sam Ervin.
11 people like this.

Reply 5 - Posted by: DVC 5/11/2024 12:52:49 PM (No. 1716149)
Re #1, autos were sold long before there were many gasoline stations. But not matter, a couple of small fuel cans could get you a quick refill from your own onboard supply. This isn't possible for EVs, so they depend heavily on a hugely expensive, highly subsidized infrastructure.....and STILL take hours longer for any trip beyond your home town for commuter service. EVs are a technology that was first commercially available in the 1890s, and was deemed 'not ready for use' for most people. And here we are 135 years later and EVs are STILL not ready for use for most people. Ford's BOD needs to fire these fools before they destroy the company entirely.
5 people like this.

Reply 6 - Posted by: snakeoil 5/11/2024 1:35:40 PM (No. 1716177)
#3 & #4. Yep, the quote came from Illinois Senator Everett Dirksen. But, Sam Erwin might have said it. After all, Sam was a demoncrap, a critter not know for originality. Some day if I live long enough (possible but improbable) I might want to buy an EV. But, it should be my decision and not the government's. The Left is trying to force us into EVs by outlawing ICE cars. They tried it with light bulbs and toilets and now they are after cars. Soon they will require that we eat bugs and outlaw elevators so that we get exercise.
3 people like this.

Reply 7 - Posted by: mc squared 5/11/2024 2:05:30 PM (No. 1716188)
Nothing to do with the earth or the climate. They don't want us traveling willy-nilly. The productive and law abiding leave war torn blue cities and take their tax revenues with them. EVs would be perfect in the '15 minute cities' that are being planned.
4 people like this.

Reply 8 - Posted by: Alecto2 5/11/2024 2:18:31 PM (No. 1716196)
New math is wonderful until it isn't.
1 person likes this.

Reply 9 - Posted by: stablemoney 5/11/2024 2:31:09 PM (No. 1716204)
Ford no longer makes a sedan. Chevy is dropping the only gas powered sedan they make, the Malibu, in Nov of 2024. The Volkswagen plant in Tennessee voted union. Hertz invested their future in electric rental cars, and no one rented them, now selling them at huge losses. Hertz will end up bankrupt--again. American auto manufacturers have staked their company on an expensive, foolish option, and will end with cars manufactured overseas to avoid the unions, to continue producing gas powered vehicles, all using coal and natural gas powered electricity. Worse, there are fire outbreaks from these batteries popping up too often for anyone's peace at owning an electric vehicle. In short, sell everything related to American auto manufacturing. It is a bust!
4 people like this.

Reply 10 - Posted by: JHHolliday 5/18/2024 1:06:23 PM (No. 1720276)
EVs as of today are highly impractical. Give me one that I can charge at a nearby station in ten minutes and has a 300 miles plus range and I might be interested but probably not. That’s if I can find a charging station. I am not aware of any in my town of 25,000. My grandmother had a lady friend who had an ev back around 1900 but those things died out in a few years when ICE vehicles supplanted them. Maybe 20 years from now they will be more useful as technology advances but maybe not.
0 people like this.

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